Lesson 6 in The MarketClub Minute series is something no trader should be without. Click here to find out what it is and afterward, view Adam's Whiteboard Lesson 4 to learn more.
This is always a hot topic among new traders, so we invite you to share your methods in our comments section.
Best,
Adam and The MarketClub Team
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Adam,
I totally agree with using stops. I just started to use stops and in this latest market drop they did save a lot of my profits, which is good. However, I'm requesting a video on how to set stops on a stock. I'm sure there are many of us out here that it would help...
Sincerely,
Bill
"STOPS ARE INCREDIBLY IMPORTANT" Cannot agree more.
Please can you tell us what is the market club best strategy to determine where to put a stop in order to minimise the likelihood of getting stopped out.
Abayomi,
Thank you for your feedback.
Please check out this page on stops.
http://club.ino.com/trading/2009/06/how-to-use-money-management-stops-effectively/#more-1465
All the best,
Adam
I INTEND TO TAKE PRINT OUT OF MATERILA OF ALL THE 6 LESSONS.
I COULDN'T FIND TEXT OF THE LESSON ANYWHERE OF ANY LESSON .
PLEASE LET ME KNOW WHERE TO GET AND HOW TO GET IT.
BY CLICKING ON THE DIFFERENT LESSONS I DO NOT FIND THE DETAILS OF THE SAID LESSONS.
I AM TRADING FOR A LIVING AND FOUND THE MATERIAL FROM THE MAILS SENT IN THE PAST BY YOURSELVES AS WELL AS BY MR JIM ROBINSON.
THE MAILS RECEIVED SO FAR FOUND TO BE EDUCATIVE, HELPFUL IN ADVANCING THE KNOWLEDGE OF TECHNICAL ANALYSIS AND PROFITING IN SHARE TRADING FOR WHICH I AM THANKFUL TO BOTH OF YOU.
VIJAYKUMAR
FROM
INDIA.
Vijaykumar,
It sounds like you are just looking for a transcript of his video. Please see below:
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"Hi, Adam Hewison with the MarketClub Minute.
Do you use stops in your trading? Now we've talked about this before on our blog and in the lessons we've given… stops are incredibly important. I don't know any traders no matter they are in the pits in Chicago, or off the floor trading like I do now that don't use stops. In the pits you may not have your stop in the pit where you're actually trading because your right there and then you can get out of the market. But, you also have a stop in your head, so that when the market gets to that level, you're cutting your losses and getting out. Every successful trader I know manages their money using stops, and you should be too using the same techniques. Stop are very important if you're going to be success. If your not using using stops, changes are you're going to fail. Use stops, now you know."
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I hope that is what you were looking for. If you have any other questions please contact our Support Team by calling 1-800-538-7424 or by emailing
su*****@in*.com
.
Best Wishes,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
What is the expected trend for silver & gold the next 3 months?
Sigmund,
I thought you would find these two charts helpful. Although I can not specifically give you an analysis for gold and silver, I can tell you that the monthly (long-term) "Trade Triangles" for both of these markets are pointing in a positive directions. Silver would have to drop around 15.9 in order to trigger a negative "Trade Triangle," which gold would have to his somewhere around the 966 mark.
If you have any other questions please contact our Support Team by calling 1-800-538-7424 or by emailing
su*****@in*.com
.
Best Wishes,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub